IRS Defines Start of Construction for the Production Tax Credit

On April 15, 2013, the Internal Revenue Service (IRS) completed rules that define how wind farm developers can qualify for tax breaks.  Under a law signed by President Obama in January, wind projects must begin construction by December 31 to qualify for the production tax credit. That’s looser than the standard from previous years, which required energy production to qualify.

Date Posted: 4/19/2013
Source: Bloomberg